Value Holdings Management CO. LLC Has $7.19 Million Position in Fiserv, Inc. (NYSE:FI)

Value Holdings Management CO. LLC boosted its stake in Fiserv, Inc. (NYSE:FI) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the quarter. Fiserv comprises about 1.3% of Value Holdings Management CO. LLC’s holdings, making the stock its 21st biggest position. Value Holdings Management CO. LLC’s holdings in Fiserv were worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clean Yield Group grew its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. Cedar Mountain Advisors LLC increased its position in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after acquiring an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after acquiring an additional 127 shares during the last quarter. Kennebec Savings Bank bought a new position in Fiserv in the 3rd quarter valued at about $40,000. Finally, Northwest Investment Counselors LLC bought a new stake in Fiserv during the 3rd quarter worth approximately $44,000. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FI has been the subject of several recent research reports. Citigroup upped their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Morgan Stanley upped their target price on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group upped their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their target price on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Fiserv Price Performance

Shares of NYSE:FI traded up $2.41 during trading on Friday, reaching $208.67. The company had a trading volume of 2,579,770 shares, compared to its average volume of 2,085,694. Fiserv, Inc. has a 12 month low of $136.93 and a 12 month high of $223.23. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $118.71 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a fifty day moving average of $209.49 and a two-hundred day moving average of $186.34.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Doyle Simons sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,821 shares of company stock valued at $18,581,095 over the last ninety days. Company insiders own 0.75% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.